Wednesday, February 06, 2008

Sumitomo posts sales of JPY 1,391.0 bln for 9 months ended December 31, 200...

Japan's Sumitomo Chemical Company, Ltd., has announced results for the nine months ended December 31, 2007. The Group posted sales of JPY 1,391.0 bln, an increase of JPY 94.8 bln over the previous year. Operating income (JPY 75.9 bln), ordinary income (JPY 85.5 bln), and net income (JPY 40.5 bln) have all shown a decrease against year ago figures due to increased raw materials costs as well as increased fixed costs such as depreciation costs and R&D expenditures.

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